Todays Report: The LMR Partners LLP Invests $527,000 in Jacobs Engineering Group Inc. (JEC)

The LMR Partners LLP Invests $527,000 in Jacobs Engineering Group Inc. (JEC)

LMR Partners LLP bought a new position in Jacobs Engineering Group Inc. (NYSE:JEC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,595 shares of the company’s stock, valued at approximately $527,000.

Other institutional investors have also modified their holdings of the company. Teachers Advisors Inc. raised its position in shares of Jacobs Engineering Group by 14.1% in the first quarter. Teachers Advisors Inc. now owns 155,736 shares of the company’s stock worth $6,782,000 after buying an additional 19,188 shares during the period. Prudential Financial Inc. raised its stake in Jacobs Engineering Group by 7.2% in the first quarter. Prudential Financial Inc. now owns 376,342 shares of the company’s stock valued at $16,390,000 after buying an additional 25,200 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Jacobs Engineering Group by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,361,346 shares of the company’s stock valued at $146,387,000 after buying an additional 16,322 shares during the last quarter. Bessemer Group Inc. raised its stake in Jacobs Engineering Group by 6.0% in the first quarter. Bessemer Group Inc. now owns 2,308 shares of the company’s stock valued at $101,000 after buying an additional 130 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Jacobs Engineering Group by 2.3% in the first quarter. Royce & Associates LP now owns 218,900 shares of the company’s stock valued at $9,533,000 after buying an additional 5,000 shares during the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

Jacobs Engineering Group Inc. (NYSE:JEC) traded up 0.768% during mid-day trading on Wednesday, reaching $50.485. The company had a trading volume of 448,861 shares. The stock has a 50 day moving average of $51.70 and a 200 day moving average of $49.92. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 29.267 and a beta of 1.68. Jacobs Engineering Group Inc. has a 52 week low of $34.76 and a 52 week high of $55.89.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.79 billion. Jacobs Engineering Group had a return on equity of 8.58% and a net margin of 1.84%. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. Analysts anticipate that Jacobs Engineering Group Inc. will post $3.08 earnings per share for the current year.

Several research firms have recently commented on JEC. DA Davidson upped their price target on shares of Jacobs Engineering Group from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Jefferies Group reaffirmed a “buy” rating and set a $54.00 price target on shares of Jacobs Engineering Group in a research report on Wednesday, August 10th. Deutsche Bank AG upped their price target on shares of Jacobs Engineering Group from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Zacks Investment Research lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, Johnson Rice lowered shares of Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.52.

In other Jacobs Engineering Group news, insider Terence D. Hagen sold 18,639 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $54.73, for a total transaction of $1,020,112.47. Following the sale, the insider now owns 27,022 shares in the company, valued at approximately $1,478,914.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Noel G. Watson sold 66,668 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total value of $3,447,402.28. Following the sale, the director now owns 736,669 shares in the company, valued at approximately $38,093,153.99. The disclosure for this sale can be found here. 3.16% of the stock is owned by corporate insiders.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

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